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I beleieve you should configure it on the physical instead not configure a bandwidth statement on the Multilink interface, since it will not reflect the true bandwidth of the interface as links fail/recover. I could be wrong :)

I'm actually monitoring the multilink bundle with an snmp utility. I wondered if I was getting the correct measurement, but after I posted the original message, I noticed that the bandwidth for the multilink is automatically calculated from the bandwidth of the amount of links I assume. I see the Mu1 has 3088, and I have 2 serial links at 1544. So there's not a problem with the monitoring utility :)